Grayscale’s Dogecoin ETF launch is expected next week following an updated S-1 filing, marking another milestone in altcoin fund adoption after VanEck’s Solana ETF debut. Despite the institutional development, DOGE has fallen 47% from its September peak to $0.16, hitting a 6-week low as extreme fear grips the crypto market.
Key insights
- Grayscale is planning to launch a DOGE ETF sometime next week, after updating its filing.
- Meanwhile, VanEck’s new Solana fund shows rising demand for altcoin ETFs.
- DOGE traders are now watching major support levels as volatility hits the market.
The Dogecoin ETF launch scheduled for next week represents a fresh milestone as crypto ETFs continue entering traditional markets, with Grayscale preparing to debut its DOGE fund that could begin trading as early as Monday.
The Dogecoin ETF launch plan follows an updated S-1 filing and growing interest in altcoin products across major exchanges, joining a wave of alternative cryptocurrency funds hitting the market. VanEck also launched its Solana ETF and is attempting to give traders another option during a volatile period for digital assets.
Grayscale’s Dogecoin ETF Launch Moves Closer to NYSE Listing
Grayscale’s Dogecoin ETF Launch Moves Closer to NYSE Listing
Grayscale updated its Dogecoin Trust paperwork earlier this month. The move set a timeline that could place the fund on the New York Stock Exchange next Monday. Final approval depends on the exchange notice, although analysts expect a green light based on recent guidance from the SEC.
Bloomberg’s Eric Balchunas noted that the last step is minor. His comments added confidence that DOGE will soon join the growing list of altcoin ETFs. Bitwise also filed for its own Dogecoin fund, which could follow shortly after.
The Dogecoin ETF launch timeline suggests trading could begin as early as next Monday if the New York Stock Exchange files the required notice, which analysts view as a formality at this stage.
These filings show an active period for issuers. Investors have shown interest in regulated altcoin exposure, even during the market pullback. DOGE’s ETF debut would add another choice for traders seeking direct access through traditional brokerage accounts. The Dogecoin ETF launch comes at a time when retail and institutional investors are increasingly seeking regulated exposure to meme coins beyond spot trading on crypto exchanges.
Vaneck Launches Solana ETF as Trading Volume Builds
VanEck also introduced its Solana ETF this week. The listing follows strong interest in Solana-focused products. Earlier launches include the Bitwise Solana Staking ETF, which opened with more than $57 million in volume and now manages over $550 million.
While the Dogecoin ETF launch has captured headlines this week, VanEck’s Solana fund demonstrates that institutional appetite extends across multiple alternative cryptocurrencies beyond just Bitcoin and Ethereum.
Another recent ETF came from Canary Capital. Its XRP product started trading with $58 million on day one. These numbers marked the strongest opening of any ETF this year. The steady arrival of these funds shows an active effort by issuers to meet demand.
Industry voices expect more filings throughout the year, and Ric Edelman of the Digital Assets Council of Financial Professionals said issuers will likely maintain a steady pace as the market grows more comfortable with crypto products.
Market Pressure Weighs on DOGE and Other Major Assets
Meanwhile, crypto prices remain under stress. Bitcoin fell below $92,000, which is its weakest level since April. Solana dropped more than 22% over the last week while DOGE and XRP each lost about 16% during the same period.
A Myriad prediction market poll showed bearish expectations. 64% of participants expect Bitcoin to fall toward $85,000 before testing higher levels. This said, sentiment has changed by a great deal compared to last week.
Dogecoin has faced even harsher losses. The token sits near $0.16 after sliding 47% from its September peak. Traders are eyeing heavy red candles across weekly charts as the correction continues.
DOGE Traders Watch Support Levels During the Extreme Fear Phase
The market’s fear index fell to its lowest reading since April. Mild sentiment earlier this month turned into extreme fear as capital left speculative tokens. Meme coins felt the pressure, and DOGE was no exception.
DOGE lost traction as the index collapsed. The token sank 16% from its recent high. Analysts noted that meme coins often react quickly to changes in sentiment, which explains the pace of the decline.
Some traders are eyeing a possible stabilizing zone near $0.155. The level aligns with the bottom of a year-long descending triangle and a double bottom also formed near this zone, suggesting support may hold if sellers ease off.
Momentum indicators, meanwhile, are showing mixed signals. The RSI shows a higher low, which indicates that selling could be slowing. MACD readings moved closer to the signal line after a brief crossover and are hinting at reduced downward force.
A breakout above $0.20 would help DOGE rebuild structure. Past resistance near that level could turn into support if a strong move develops. This $0.20 zone is also where Dogecoin whales accumulated 11.12 billion DOGE, forming a resistance wall.
Disclaimer: This article is intended solely for informational purposes and should not be construed as financial advice. Investing in cryptocurrencies involves substantial risk, including the possible loss of your capital. Readers are encouraged to perform their own research and seek guidance from a licensed financial advisor before making any investment decisions. Voice of Crypto does not endorse or promote any specific cryptocurrency, investment product, or trading strategy mentioned in this article.
